Noble Group had a nice upside swing today just after we posted last night . It moved to a high of 0.197 closing in to our target of 20 cents region. So what do we do now?

As we can see from the chart there was an increased in volume today so we’re hoping for it to move further in the coming days. As some have asked how we manage our trades. Each stock will have a slight difference in how we manage our trade . As for Noble Group, we would usually take some profit if the stock has ran quite a bit in the day or shift up our trailing stop loss in order to protect our profits.

Do remember to find your own comfort level in trading as everyone has a different style and tolerance level. The weekend is drawing near and traders usually take some profit off the table on fridays so do be a little cautious and stay alert.

Noble Group has came down since our last blog post on it in end feb when we were mentioned that it has hit the resistance. It went down below what we expected but seem to built a base around the 0.183 region. It has since then started to move up slightly.

Noble has caught our attention once again and it looks like it might try to make an upwards movement towards 0.20-0.21. Our stop loss would be at 0.183 level. If it breaks 0.183 level then we might expect more downside.

Noble Group has reached our target from our previous post and inched above to 0.28 where it met its horizontal resistance. Many people has been asking what happened to noble group on friday and how now? We hope you all managed to escape from this sell down by shifting your trailing stop up.

On Friday, Iceberg released a report on noble group which could be a possible reason for the fierce sell off. Another reason also could be that it hit the horizontal resistance of 0.28 or people could be selling ahead of its results due on Monday (27th Feb) or taking profit on a friday. All these coming together could be a perfect storm in selling down .

So how now? How to trade this counter? We’re using the 200 days exponential moving average for this round and as you can see it’s acting as the support at 20 cents. Also a nice round number. If this breaks we could see 0.197 to 0.195 level. The uptrend has to hold in order for the trend to continue. At those levels we can look for entry for noble. We’re watching the uptrend lines that we draw as the support which could act as the intermediate support. Do note that their results will be out this Monday after market.

Noble Group – Reaching our next target

Noble Group moved up once again from our posting last night to a day high of 0.199 and is closing in to our target of 0.205.

There was news out that China Sinochem is in early talk with Noble Group to buy a stake in it. Could this be the catalyst to push noble higher? We shall wait and see. From the chart 0.205 would be the fourth time it is being tested and there might be a good chance it could break out. We’ll be looking at the overall volume to see how strong this breakout could be. If it’s successful, we might eventually see 0.245.

Lastly, do remember to protect your profit and shift your trailing stop higher to 0.193-0.194. Will continue to update along the way.

Just under a week and noble group has hit our target of 0.186 from 0.175. A very decent since we mentioned it last week. It even moved up to a high of 0.193. We hope by sharing our thoughts and analysis on our trading blog everyone can learn something from it.

So where to now? We might see nobel group trying to reach the previous swing high of 0.205 as market seems to be in a frenzy. There was also a bigger volume that came in on friday so hopefully that helps to push it up. Don’t forget to shift your trailing stop up now.

We’re looking for noble group to stay above the horizontal resistance of 0.191 and with that 0.205 might be in sight in the coming weeks. We also would like to continue to remind our readers to remain cautious and remember your trade plan and stop loss and not go crazy with all the market frenzy. Trading plan and discipline still applies. =)

Noble group a well traded stock in the singapore market saw a bit of interest on friday

We’re keeping a close eye on noble group as there was an increased in volume on friday as it tried to rally to the uptrend line. As you can see from the chart, it’s trying to break above the uptrend line but closed just nice at it . It is also at the horizontal resistance of 0.175. Furthermore it is also testing the downtrend line so a break above and staying above 0.175 might see some upside to 0.183 and to 0.186 if possible.

Our entry might be 0.176 and stop loss at 0.168. Risk reward is good we feel. Noble might be reporting their results around 22nd-24th feb. So do take note of that.

Following up from our previous post on the 16th nov (http://singaporehumblestock.com/2016/11/noble-4/)

Noble continues to fall and now has reached our target. Support is currently at 0.17-0.172 and if that breaks and stay below we could possibly see 0.161 level. As this is a later short, we would scale down our entry. Stop loss would be at 0.181

Noble, failed to hold at the 0.181 horizontal support, it tried to rally this morning but got sold down in the late afternoon. With that we’ll look to short if it opens below 0.181 with a stop loss at 0.188. The next support we see is at 0.169

Noble group, not having a good week, it tried to rally recently but had some problem sustaining its rally. Currently its at its support of 0.131, if that doesn’t hold then we might see it test 0.122 then 0.112.
Stop loss will be one pip above the resistance.

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